LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE 74th Regular Session April 21, 1995 TO: Honorable Clyde Alexander, Chair IN RE: Senate BillNo. 921, Committee on Transportation as engrossed House of Representatives By: Cain Austin, Texas FROM: John Keel, Director In response to your request for a Fiscal Note on Senate Bill No. 921 (relating to the regulation of certain persons engaged in the business of motor vehicle leasing) this office has determined the following: The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. The bill would require the licensing and regulation of individuals engaged in the leasing of new motor vehicles. The bill also designates a lessor license fee which varies based on the volume and a $375 lease facilitator fee, deposited to the State Highway Fund 006. Fee revenues are currently deposited to the General Revenue Fund. The probable fiscal implication of implementing the provisions of the bill during each of the first five years following passage is estimated as follows: Fiscal Probable Cost Out Probable Revenue Probable Revenue Year of State Highway Gain to Loss from Fund 006 State Highway Fund 006 General Revenue Fund 001 Fiscal Change in Year Number of State Employees from FY 1995 1996 $200,829 $1,274,000 $812,000 5.0 1997 169,229 1,274,000 812,000 5.0 1998 169,229 1,274,000 812,000 5.0 1999 169,229 1,274,000 812,000 5.0 2000 169,229 1,274,000 812,000 5.0 Similar annual fiscal implications would continue as long as the provisions of the bill are in effect. No fiscal implication to units of local government is anticipated. Source: Comptroller of Public Accounts, Department of Transportation LBB Staff: JK, ML, RR